PREVIOUS
✖
Collateral-Free Loan Limit for Farmers
December 20 , 2024
16 hrs 0 min
26
0
- RBI instructs banks nationwide to waive collateral and margin requirements for agricultural and allied activity loans up to ₹2 lakh per borrower.
- The existing loan limit of ₹1.6 lakh per borrower has been raised to ₹2 lakh, effective from January 1, 2025.
- This measure will significantly benefit over 86% of the farmers who are small and marginal landholders.
Leave a Reply
Your Comment is awaiting moderation.